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Kazakhstan Plans to Double Oil Refining Capacity by 2040

Oil news - Tue, 12/02/2025 - 17:00
Kazakhstan plans to build a new large refinery and boost existing refining capacity to more than double its crude processing capacity by 2040, Energy Minister Yerlan Akenzhenov said on Tuesday.  Last year, the refining processing rate of the OPEC+ oil producer was 18 million tons per year. Expansion of existing capacity will boost the oil refining volumes between 2025 and 2032, from the current 18 million tons per year to 30 million tons per year, the minister said.  Then, by 2040, Kazakhstan plans to launch a new large-scale refinery…
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